Operational Risk Director

Job Locations
US-CA-Petaluma

Job ID

2018-1761

Department

Risk & Credit Mgmt

Overview

Ygrene Energy Fund is a national leader in residential and commercial clean energy financing. Founded in 2010, Ygrene’s award-winning, privately funded Property Assessed Clean Energy (PACE) program is revolutionizing the home improvement industry, making it easier for property owners to invest in their futures and a healthier environment. Ygrene is delivering greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, renewables, water conservation, storm protection and seismic upgrades. Recognized as one of the fastest growing asset classes in the country, PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits. To date, Ygrene has provided over $1 billion of private capital to more than 400 local communities, creating thousands of jobs and investing millions into local economies across the U.S.

The Operational Risk Director leads the operational risk management function and is responsible for developing and managing an operational risk and reward management framework. Ensures Ygrene management has the tools, process and information to identify operational risks, understand the options and make sound risk-taking decisions.

Responsibilities

Provide reasonable assurance to management that operational risks to the attainment of the firm’s objectives are identified and mitigated. Risks include but are not limited to originations, internal controls, change control, quality testing, fraud, vendors, contractors, business continuity and cybersecurity

Draft the policies and procedures the company requires to manage operational risks to its business strategy and to comply with applicable laws and regulations

Partner with Sales, Operations, Legal and Finance to manage the Underwriting Guidelines, Tombstone and Eligible Improvements policies of the firm, as well as Operational Circulars in a balanced manner that supports the strategic objectives of the firm. Tighten internal controls so that overrides are minimized and always within the governance framework

Develop necessary operational risk processes and capabilities, commensurate with cost constraints, the need to maintain the firm’s ability to move quickly and stay nimble, and the stage of the firm’s development, size, business plan and regulatory needs

Partner with Operations and Technology to improve controls, compliance and quality

Ensure that the Operational Risk Management Committee is an effective, substantive and productive tool for improving internal control. Assist with the operations and meetings of the Committee

Propose valuations or reserves to be assigned against operational risks

Guide the development of a robust suite of key risk indicators and metrics that are linked to agreed risk appetite and tolerance levels

Deploy an operational risk assessment process as part of introducing all new products, activities, processes and systems.

Guide the development of operational risk modeling capabilities, as well as internal and external data. Introduce risk adjusted performance measures that can be used to evaluate individual and company performance.

Partner with Talent and Culture to produce high quality operational risk management training for employees, and promote a positive, optimistic and effective control culture

Communicate and enforce the responsibility of the business to own and manage risks

Guide, direct and monitor, and ensure proper and timely management response to all issues identified in operational audits (whether internal or external) as may be undertaken from time to time